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What is Joe Giudice’s Net Worth?
Joe Giudice, an American reality TV star and entrepreneur, has a net worth of $200,000. He is best known for being the ex-husband of Teresa Giudice, who starred in popular TV shows like “The Real Housewives of New Jersey” and “The Celebrity Apprentice 5.” Joe’s occasional appearances on these shows elevated his fame.
However, Joe’s personal life took a turn for the worse when he was embroiled in a series of legal issues that resulted in him serving a 41-month prison sentence. After his release, he was deported from the United States and sent back to his native Italy.
Early Life and Career
Giuseppe “Joe” Giudice was born on May 22nd of 1972 in Saronno, Italy. He moved with his parents to Paterson, New Jersey at the age of one and changed his name to “Joe.” He established multiple businesses in New Jersey, including a construction company, a laundromat, and a pizza parlor.
Joe Relied on Teresa’s Income After Her Entertainment Success
Despite opening multiple businesses in his earlier years, Joe Giudice ultimately began to depend on his wife Teresa’s income after she achieved success in the entertainment industry.
Joe Giudice’s Divorce from Teresa
In 1999, Joe Giudice married Teresa, formerly known as Teresa Gorga. The couple had four children together. However, their legal troubles took a toll on their relationship and they ultimately divorced in 2019 after 20 years of marriage. This happened around the same time that Joe was deported to Italy. The divorce was finalized in 2020.
Joe Giudice’s Bankruptcy Woes
Joe Giudice and his wife initially filed for divorce in 2009 and considered auctioning off their furniture. However, they changed their minds. In 2010, they canceled their bankruptcy, but this was short-lived, and they filed for bankruptcy again in 2011. Joe claimed to have few assets and over $11 million in debt on the second filing.
Joe Giudice’s Criminal Past
Before his fraud controversy, Joe Giudice had a considerable rap sheet, including arrests for driving with a suspended license, reckless driving, and fraudulently obtaining a driver’s license. In 2013, Joe and his wife Teresa were indicted with 39 counts of fraud, which included conspiracy to commit mail fraud, bank fraud, wire fraud, bankruptcy fraud, and making false statements on loan applications. The couple faced a maximum of 50 years in jail, and Joe could have been deported back to Italy. The government claimed that they overstated their incomes to receive roughly $4.6 million in mortgages and lines of credit, and they allegedly under-stated their income and net worth while filing for bankruptcy protection.
Although they initially intended to plead not guilty, Joe and Teresa eventually entered a guilty plea to 41 counts of fraud and struck a deal with federal prosecutors. Teresa served 15 months in prison, while Joe was sentenced to 41 months and was then deported to Italy. In addition, the couple was ordered to pay $414,000 in restitution. Since returning to Italy, Joe has petitioned to return to the United States on a number of occasions, but his appeals have been denied.
In the aftermath of their criminal charges, the couple’s primary residence and an additional summer home went into foreclosure.
Teresa and Joe Giudice’s Mansion
In 2008, Teresa and Joe built a 10,000 sq. ft. mansion in Montville, NJ. It features six bedrooms, five bathrooms, a Cinderella staircase, a gigantic chandelier, and a swimming pool. In 2014, Teresa listed the home for sale for $4 million amidst legal troubles. She put it back on the market in 2020 for $2.5 million, lowering the asking price to $2.25 million in January 2021. A year later, the price was lowered again to $1.999 million. Joe is still a partial owner of the mansion.
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